Infrastructure Developers & Operators · VATW
Water Treatment
from 1,981 today
We maintain BUY rating on all 3 coverage companies, VATW (TP Rs2,263), EIEL (Rs310) and JASH (Rs610).
Wabag reported a good set of numbers for Q1FY27 with revenue growing 21% and robust order inflows taking the order book to INR 194bn. We reiterate BUY with a revised target price of INR 2,410.
VA Tech Wabag reported a strong and in-line operating performance in 1QFY27 with revenue growing 21% YoY, driven by robust order inflows and a strong order book of ~INR194b, providing strong revenue growth visibility for the next 3-4 years. We maintain our earnings estimates and reiterate our BUY rating.
VA Tech Wabag reported a strong Q1FY27 driven by healthy execution, operating leverage, and a record order book of Rs 19,400 Cr ensuring multi-year revenue visibility, prompting us to maintain our BUY rating with a revised target price of Rs 2,105.
VA Tech Wabag reported strong Q1FY27 performance with revenue, EBITDA, and PAT beating estimates, supported by strong execution, robust international and industrial order books, and forex gains. We maintain our BUY rating with a revised target price of Rs 2,263 based on 24x FY28 EPS.
We initiate coverage on Va Tech Wabag (VATW) with BUY rating at 27x PE Sep’28. VATW, a century-old technology-first water treatment company is the world's third-largest desalination supplier, with 125+ proprietary technologies.
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